did you read the article? lol, the US is intentionally weakening the US dollar. Nothing to brag about on your end.

"Australia is a little cork floating on the ocean of other nations’ economic decisions.As Barnaby forewarned in late 2009 / early 2010, the US is effectively defaulting on its debt right now.By stealth.

Destroying the value of your currency by money printing, has always been the most common way in which nations have defaulted on their debts.Barnaby was right."

I have been to US many times, Australia is much better, US is full of people on the poverty line and in poverty.Australia FTW. Sorry but i found the US to be very third world, maybe its obamas fault, but the system there is fucked.

we have rich, poor, and in between here. You see it all. And that is the truth. You see the homeless man, the man driving the Bentley, or the man riding a Segway.

The high aussie dollar has basically killed our tourism. It has its advantages and its disadvantages. And alot of aussies are choosing to travel overseas rather than travel in their own country, simply because it's cheaper to travel overseas rather than in your own country.

The first year that I ran the Pro show, 2001. The Aussie dollars was only at $0.43 So when I paid the sanction fees and prize money in $US it was more than double. It nearly put me under. It continued to be around $0.50 for the next few years, so it's nice to see it even out a bit.

By the way, the economy here is fine, interest rates are good, employment is high and everyone has a roof over their head.

TD

i agree with the first bit. but to say employment is high and everyone has aroof over their head is not right.

employment stats are high- thats because the liberals changed the way they were counted..now if u work any hours at all, u are counted as "employed".also, its never been more difficult to be able to purchase and own your own house...the liberal government caused a massive increase in house prices because they bouyed the economy but not spending on services and facilities, and selling assets.

now average joe cant buy a house and have a family live in it.

so although its been quite resilient, its on the back of digging holes in our land and dodgy stats...its hardly factual.

in fact many of our cities rank as the most expensive to live in- globally.

meanwhile the uber rich get uber richer and pay the same tax or less than what middle class australians do, banks are profiteering, there are more homeless and poverty stricken people than ever before.

as a result our people are looking after themselves more than ever- trying to get ahead at the expense of others- anything to get by...its becoming more and more like the US every day.

the $Au wont ever crush the $US anyways. its been around 100-107 or so for many months now. its more likely to go back to 75c than anything else. and to say the reserve bank doesnt understand global economy is like claiming you know brain surgery better than a forum of brain surgeons..

Our whore of a PM is a pawn of Obama and co. Did you see the way she swooned over him when he was out here a year ago? She is a paid servant of the corporations. Oh the irony that Labour is supposed to be the "workers" party

The first year that I ran the Pro show, 2001. The Aussie dollars was only at $0.43 So when I paid the sanction fees and prize money in $US it was more than double. It nearly put me under. It continued to be around $0.50 for the next few years, so it's nice to see it even out a bit.

By the way, the economy here is fine, interest rates are good, employment is high and everyone has a roof over their head.

TD

Like your BB & bike operations, but Tony everyone in Australia does NOT have a roof over their heads !

I have been to US many times, Australia is much better, US is full of people on the poverty line and in poverty.Australia FTW. Sorry but i found the US to be very third world, maybe its obamas fault, but the system there is fucked.